Utkarsh Small Finance Bank has approved the issuance of Unsecured, Subordinated, Redeemable, Tier II bonds in the form of Non-Convertible Debentures (NCDs) aggregating up to ₹500 crore on a private placement basis. The instruments, designated as additional Tier II capital, will be issued in one or more tranches during FY 2026-27, subject to necessary regulatory approvals. This capital raise is intended to strengthen the bank's capital adequacy and support its long-term growth trajectory.

The Board of Directors, at its meeting held on June 20, 2026, approved the issuance. The proposed issue will be within the borrowing limits provided for under Section 180(1)(c) of the Companies Act, 2013. The board meeting commenced at 10:00 a.m. and concluded at 07:30 p.m. on June 20, 2026.

Pursuant to the recommendation of the Nomination and Remuneration Committee and approval from the Reserve Bank of India, the board appointed Mr. Sarjukumar Pravin Simaria as an Additional Director in the category of Whole Time Director (Executive Director) for a period of three years effective June 22, 2026. This appointment is subject to shareholder approval. Consequently, Mr. Simaria has relinquished his position as Chief Financial Officer of the bank with effect from the close of business hours on June 20, 2026, to comply with regulatory requirements for his new role.

Mr. Simaria brings over three decades of post-qualification experience in the financial services sector, having served as Chief Financial Officer across banking, insurance, NBFCs, and asset management. During his 3.5-year tenure as CFO, he steered the bank through its Initial Public Offering, which was subscribed over 100 times, and recently led a ₹950 crore capital raise.

The 10th Annual General Meeting of the Bank is scheduled to be held on Tuesday, August 04, 2026, at 02:30 p.m. IST through Video Conferencing. The notice convening the AGM and the Annual Report for the financial year 2025-26 will be dispatched to shareholders in due course.

Utkarsh CoreInvest Limited, the promoter of Utkarsh Small Finance Bank Limited , has confirmed that it did not create any encumbrance on the bank's equity shares during the financial year 2025-26. The disclosure, submitted to the stock exchanges, ensures compliance with regulatory norms governing substantial acquisitions and takeovers. This confirmation is significant as it assures stakeholders that the promoter's shareholding remains unencumbered, thereby maintaining transparency in the bank's ownership structure.

The filing was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Utkarsh CoreInvest Limited, formerly known as Utkarsh Micro Finance Limited, addressed the communication to The BSE Limited and the National Stock Exchange of India Limited on April 02, 2026. The letter was signed by Neeraj Kumar Tiwari, Company Secretary, on behalf of the company.

The confirmation explicitly states that no encumbrance was made directly or indirectly on the equity shares of Utkarsh Small Finance Bank Limited during the specified period. This regulatory requirement is designed to monitor and disclose any potential pledges or charges on promoter holdings, which could impact the bank's governance and financial stability. The disclosure was also copied to the Audit Committee of the Board of Utkarsh Small Finance Bank for record-keeping purposes.

Key Details of the Disclosure